People wonder how anthropogenic global warming became a "left/right" debate. Maybe because folks on the left propose to "fix" AGW like this:
- A 50-cent-a-gallon tax on gasoline and jet fuel, phased in over five years, on top of existing taxes.
- A tax on carbon, at $50 a ton, released from burning coal, petroleum or natural gas.
- Phaseout of the interest tax deduction on home mortgages for homes over 3,000 square feet. Owners would keep most of the deduction for homes at the lower end of the scale, but it would be eliminated entirely for homes of 4,200 feet or more.
Where would this new revenue go?
Some of the revenue would be used to reduce payroll taxes, but most would go elsewhere including for highway construction, mass transit, paying for Social Security and health programs and to help the poor pay energy bills.
Uh … what? So, punish people for "carbon sins" by taking their money, but not use that money to, y’know, fix global warming? Makes sense.